Mississippi Franchise Law and FDD Registration

Mississippi Franchise Law

If you are considering starting a franchise in Mississippi or expanding your existing franchise into the state of Mississippi chances are you are interested in knowing what requirements there are when it comes to franchising.

Here is a quick overview of what you need to know when franchising in Mississippi:

• Mississippi is a non-registration state

• There are no franchise registration laws enacted

• There are no business opportunity laws enacted

• Franchise registration in Mississippi is not required

• Filing or notifying the state that you intend to sell franchises in the state of Mississippi is unnecessary

• Federal franchise laws put in place by the Federal Trade Commission still apply

• It is necessary to have a Franchise Disclosure Document ("FDD") and keep it current

• In accordance with federal franchise law an FDD must be provided 14 days (or earlier) prior to selling a franchise location

Getting Started

One key thing to getting started with franchising in Mississippi, or in any state, is to keep in mind that you want to do it right the first time. It is important to be in compliance with any federal and state laws that are in place before marketing, offering or selling a franchise. A franchise lawyer will be able to create your FDD in a way that discloses the correct information about your franchise while adhering to any federal and state franchise registration law requirements. He or she can also assist you in registering or filing in states that require you to do so.